CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: MCX NATURAL GAS

Natural gas trading range for the day is 259-271.4.Natural gas slid on speculation that government data will show a bigger-than-normal stockpile. Producers would need to add 2.6 trillion to 2.9 trillion cubic feet to storage by November 1 to meet typical winter demandToday natural gas storage: Exp: 104B Prev: 105B.  Actual is at 8.00PM. For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704 ...

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CAPITAL STROKE COMMODITY UPDATE 22 MAY 2014: MCX ALUMINUM

Aluminium trading range for the day is 100.9-102.9. Aluminium settled flat due to caution ahead of the release of minutes of the Federal Reserve's last meeting. The minutes showed that the Fed’s discussion of several approaches to raising short-term interest rates is not a sign rate hikes will come any time soon. Bank of England announced it would maintain interest rates unchanged, despite the fact that some officials were inclined to hike the...

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 22 MAY 2014

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-420 R1-414 S1-404 S2-398 LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-127 R1-125.5 S1-122 S2-120 ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-125 R1-123 S1-119.5 S2-118 NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1165 R1-1150 S1-1125 S2-1110 CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28100 R1-27800 S1-27100 S2-26800 SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000...

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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014 MCX GOLD

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28400 S1-27800 S2-27400 Gold settled flat after trading in tight range as an industry report showed first-quarter demand in India and China fell sharply. Gold demand in India to rise in H2 as import curbs likely to be eased – WGC SPDR gold trust holdings dropped by 1.79 tonnes i.e. 0.23% to 780.19 tonnes from 781.98 tonnes. For more details visit: http://www.capitalstroke.com/...

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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014 MCX SILVER

SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500 Silver gains after two prominent Fed officials addressed the timing of rate hikes, which sent equities falling on uncertainty, thus supporting prices. Ukraine will hold elections on May 25, and concerns persist that Russia will meddle in the voting and escalate the crisis. Market players looked ahead to the minutes from Fed’s latest monetary policy meeting,...

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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX CRUDE OIL

CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900 Crude oil steadied as unrest and low output in Libya offset downward pressure from expectations of a weekly build in U.S. crude stocks. Crude inventories fell by 10.3 million barrels in the week to 380.4 million, API said. Today crude oil inventories: Exp: -0.1M Prev: 0.9M. Actual is at 8.00PM. For more details visit: http://www.capitalstroke.com/ or contact on...

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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX COPPER

COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-402 Copper dropped on profit booking after gaining on hopes a new raft of financial reforms would shore up China's slowing economy. Adding to supportive measures, China's State Administration of Foreign Exchange said it will reform the management of cross-border foreign exchange guarantees Copper stored in LME, have fallen 49% from the start of year to 186,525 metric tons as of...

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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX ZINC

ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120 S2-118 Zinc prices dropped as pressure seen due to profit booking despite amid speculation demand from China will increase in the near-term. The global market for refined zinc metal which in deficit by 17kt over the first quarter of 2014 – ILZSG The Philly Fed President said a strengthening economy may force the Fed to hike rates “sooner rather than later”. For more details...

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CAPITAL STROKE COMMODITY UPDATE 21 MAY 2014: MCX NICKEL

NICKEL: - CONSOLIDATE STRATEGY BUY ON DIP R2-1195 R1-1180 S1-1150 S2-1135 Nickel dropped amid speculation that the rally in prices this year may curb demand for the metal used to make stainless steel. Nickel reached $21,625 on May 13, the highest level since February 2012 and has advanced 42% this year, making it the best performer on LME. The global surplus will drop to a four-year low this year and the market will swing to a deficit next...

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CAPITAL STROKE ALL COMMODITY RESISTANCE AND SUPPORT UPDATE 21 MAY 2014

CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28400 S1-27800 S2-27400 SILVER STRATEGY: - CONSOLIDATE STRATEGY BUY ON DIP R2-43500 R1-42500 S1-39000 S2-37500 CRUDE OIL: - CONSOLIDATE STRATEGY BUY ON DIPS R2-6100 R1-6050 S1-5950 S2-5900 COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-422 R1-416 S1-406 S2-402 LEAD: - CONSOLIDATE STRATEGY BUY ON DIP R2-128 R1-126 S1-122 S2-120 ZINC: - CONSOLIDATE STRATEGY BUY ON DIP R2-126 R1-124 S1-120...

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